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A corporation has a $2,500,000 bond issue outstanding with unamortized discount of $15,000 and unamortized issuance cost of $7,500. What is the book value of its liability? a. $2,477,500 b. $2,515,000 c. $2,500,000 d. $2,492,500

A corporation has a $2,500,000 bond issue outstanding with unamortized discount of $15,000 and unamortized issuance cost of $7,500. What is the book value of its liability? a. $2,477,500 b. $2,515,000 c. $2,500,000 d. $2,492,500

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 2C: One way for a corporation to accomplish long-term financing is through the issuance of long-term...
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A corporation has a $2,500,000 bond issue outstanding with unamortized discount of $15,000 and unamortized issuance cost of $7,500. What is the book value of its liability? a. $2,477,500 b. $2,515,000 c. $2,500,000 d. $2,492,500
Transcribed Image Text:A corporation has a $2,500,000 bond issue outstanding with unamortized discount of $15,000 and unamortized issuance cost of $7,500. What is the book value of its liability? a. $2,477,500 b. $2,515,000 c. $2,500,000 d. $2,492,500
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